Top 5 Stocks in Mason Hawkins’ Portfolio

4. General Electric Company (NYSE:GE)

Hawkins’ Stake Value: $291.6 million

Percentage of Mason Hawkins’ 13F Portfolio: 5.86%

Number of Hedge Fund Holders: 67

General Electric Company (NYSE:GE) is a multinational conglomerate that operates through its multiple segments, which include Power, Healthcare, Aviation and Renewable Energy, among others. Ranked fourth on the list of the top 10 stocks in Mason Hawkins’ portfolio, General Electric Company (NYSE:GE) has a market capitalization of $116.66 billion.

The company released its quarterly earnings report for the second quarter of 2021 on July 27, with reported earnings per share at $0.40, beating estimates by $0.14. The company also reported revenues at $18.28 billion, surpassing estimated revenues by $304.35 million.

Southeastern Asset Management owns 21.6 million shares in the company at the end of the second quarter of 2021 worth $291.6 million, representing 5.86% of the portfolio. At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $6.08 billion in General Electric Company (NYSE: GE), down from 68 in the previous quarter worth $6.16 billion.

On August 11, investment advisory Citi maintained a Buy rating on General Electric Company (NYSE:GE) stock, with an adjusted price target of $136 accounting for a reverse stock split.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE:GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”